Strait of Hormuz blockade should continue says Iran's new Supreme Leader: Middle East conflict on 12 March
Iran should continue “blocking the Strait of Hormuz,” while the U....
The Syrian Civil Aviation Authority has signed a $4 billion agreement with an international consortium last week (6 August), including companies from Türkiye, Qatar and the United States, aiming to expand Damascus International Airport.
The consortium, comprising UCC Concessions Investments LLC (Qatar), Assets Investments USA LLC (USA), and Türkiye’s Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen, will carry out the build-operate-transfer project in five phases, aiming to achieve an annual passenger capacity of 31 million.
The project is considered as a major milestone among Syria’s reconstruction efforts, designed to improve global connectivity and stimulate economic growth, trade, and tourism.
As one of the most substantial infrastructure investments in Syria in recent decades, it underscores the country’s efforts to reestablish its role in the region and regain its place on international air routes, said the statement following the signing ceremony.
The signing ceremony took place in Damascus in the presence of Mr. Tom Barrack, the U.S. Special Envoy to Syria, representatives of the Qatari Embassy in Syria, senior official delegations, and a number of diplomats. The agreement was signed by Mr. Omar Al-Husari, Chairman of the General Authority of Civil Aviation – representing the Government of the Syrian Arab Republic – along with Mr. Mohammad Moataz Al-Khayyat, Chairman of UCC Holding; Mr. Sani Şener, Chairman of TAV; Mr. Anthony Salter, CEO of Assets Investments USA; Mr. Murat Ergonul, Board Member of Cengiz İnşaat; and Mr. Murathan Kalyoncu, Chairman of Kalyon İnşaat.

The project will be implemented in five successive phases, beginning with an increase in passenger capacity to 6 million in the first year, followed by 16 million after the second phase, and ultimately reaching 31 million annually upon full completion.
The new airport will feature up to 32 gates with modern passenger boarding bridges, a fully integrated air navigation system, and a world-class duty-free zone offering a wide range of international restaurants, premium cafés, and top fashion brands—positioning it as one of the region’s most advanced airports.
The project also includes the development of a main access road extending up to 50 kilometres, as well as a $250 million investment to acquire up to 10 Airbus A320 aircraft for Syrian Airlines, aimed at strengthening the fleet and boosting the national carrier’s competitiveness.
The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aimed at bringing down the price of crude oil, which has soared since fighting between Iran, Israel and the U.S. started at the end of February.
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei said on Thursday (12 March). His words were read out by a broadcaster on state Iranian television.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
More than 68,000 children in eastern Afghanistan have been displaced after clashes between Afghan and Pakistani forces intensified along the border, according to a new report by Save the Children.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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